Value of Improvement
Not all improvements to the home will automatically yield
a higher valuation of your property. Adding
3 or 4 bedrooms to a home in a community of 2 and 3 bedroom
homes may not yield the increase you expect. Cosmetic changes
like new paint, flooring and window treatments are a reflection
of personal taste and add the least amount of value to
a home.
Also consider that the improvements may raise the value
of the home above that of homes in the surrounding neighborhood. Consider
also that the value of homes in the neighborhood may hold
down the resale value of your home although this could
work in your favor if you buy one of the smaller homes
in the area.
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